Chana gained Rs 5 and settled at Rs 2323 per quintal on the back of pick up in spot demand for the festive season. Restricted arrivals in the spot market also influenced the chana prices. In Delhi spot market, chana prices gained 25 rupees and ended at 2,275 rupees per 100 kg. The volume was noted at 157400 lots. Support for chana is at 2311 below that could see a test of 2299. Resistance is now seen at 2335 above that could see a resistance of 2347.

Trading Ideas:

Chana trading range is 2301-2349.

Chana ended firm on the back of pick up in spot demand

Support for the chana is seen at 2311 and resistance is at 2335.

NCDEX accredited warehouses chana stocks rose by 215 tonnes to 46724 tonnes.

In Delhi spot prices settled gained 25 rupees and settled at 2,275 rupees per 100 kg